Boon Philanthropy Inc
- Assets
- $988.1k
- Revenue
- $614.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Cumberland, RI
- Founding
- 05/2016
- Data as of
- 12/2023
- EIN
- 81-2285654
Organization Overview
Boon Philanthropy Inc is located in Cumberland, RI. The organization was established in 2016. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boon Philanthropy Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE NATION-WIDE MISSION OF BOON IS TO PROVIDE INNOVATIVE FUNDING AND STEWARDSHIP SOLUTIONS THAT ENABLE DEDICATED EDUCATORS TO HAVE KNOWLEDGE AND SKILLS THEY NEED TO HELP ALL LEARNERS BECOME STRONG READERS. TO RAISE FUNDS NATION-WIDE TO PROVIDE LOW INCOME AND MINORITY STUDENTS WITH FREE TUTORIAL INTERVENTION USING STRUCTURED LANGUAGE INSTRUCTION METHODS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BOON DONOR-FUNDED SCHOLARSHIP PROGRAM PROVIDES FUNDING TO TRAIN TEACHERS IN STRUCTURED LANGUAGE INSTRUCTION METHODS BASED ON THE SCIENCE OF READING. BOON'S TRAINING PARTNERS (SCHOLARSHIP PROVIDERS) ARE OGA (ORTON GILLINGHAM ACADEMY); IMSLEC (INTERNATIONAL MULTISENSORY STRUCTURED LANGUAGE EDUCATION COUNCIL);WILSON LANGUAGE TRAINING NONPROFIT PARTNERS, DISTRIBUTED BY DREXEL UNIVERSITY SCHOOL OF EDUCATION; STERN CENTER FOR LANGUAGE AND LEARNING; THE SLINGERLAND INSTITUTE FOR LITERACY: TOP TEN TOOLS; THE READING LEAGUE; KEYS TO LITERACY; READING SIMPLIFIED ACADEMY; AND THE WRITING REVOLUTION. SINCE THIS PROGRAM'S INCEPTION, OVER 750 TEACHERS HAVE RECEIVED FREE OR REDUCED-PRICE TRAINING.
PLEDGE LITERACY INTERVENTIONS EXCLUSIVELY EMPLOYS WILSON LEVEL I AND II CERTIFIED READING EXPERTS TO PROVIDE 40 HOURS OF FREE PERSONALIZED READING INTERVENTION SERVICES TO LOW-INCOME AND HISTORICALLY MARGINALIZED STUDENTS FAILING TO READ AT GREADE LEVEL. ALL 68 STUDENTS WHO HVE RECEIVED THIS SERVICE HAVE IMPROVED THEIR READING PERFORMANCE BY AT LEAST ONE GRADE LEVEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sam Beard Director | OfficerTrustee | $0 | |
Steve Carnevale Director | OfficerTrustee | $0 | |
Jeffrey Wilder Earls Secretary/tr | OfficerTrustee | $0 | |
David Hurford Director | OfficerTrustee | $0 | |
Cathy Sanford Director | OfficerTrustee | $0 | |
J Sebastian Scripps Director | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $614,203 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $614,203 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $614,203 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $132,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,085 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $92,380 |
| Advertising and promotion | $20,057 |
| Office expenses | $8,907 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,354 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $29 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $2,000 |
| Total functional expenses | $307,136 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $685,218 |
| Savings and temporary cash investments | $302,833 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $988,051 |
| Accounts payable and accrued expenses | $2,308 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,308 |
| Net assets without donor restrictions | $985,743 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $988,051 |